Real Estate Daily News
While adaptive reuse has been a popular trend for older properties in Phoenix, The Power Apartments, a Federal Revival Style building located on North 3rd Avenue, is going back to its historic roots in what is being called an “adaptive restoration” showcase.
Originally developed in 1914 as an apartment building, this redeveloped office building will have its grand opening in October, coming back to the market as 12 apartment units. On the eve of its 105th anniversary, this rehabilitation captures the essence of a modern transformational property at 3rd Avenue and Roosevelt in the heart of downtown Phoenix’s revival.
Bryan O’Keefe, principal of SBD Ventures LLC, notes, “This project was very important to the community, and we took great care in working with the City of Phoenix Historic Preservation Office to maintain the building’s classical and historical significance, while also working collaboratively with our development partners to produce a uniquely designed offering to the vibrant Phoenix housing market”.
